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Click New > Account in the File menu and complete the details. Alternatively, click Accounts in the sidebar followed by     at the top of the Accounts panel.

In the Accounts screen, right-click the account and select Delete.

Note: You can delete an account only if there are no transactions linked to it and it is not referred to from Time Tracker or Products.

In the Accounts screen, double-click the account and complete the details.

This is listed in the Accounts screen.

Note: The balance includes any future-dated transactions, not just the current balance.

In the Accounts screen, click the name of the account.

In the Accounts screen, click All Transactions.

1. In the Accounts screen, click the account you are sending money from.

2. Click     above the list of transactions for that account.

3. Set Transaction Type to Out (Paid), set Account 2 to the other account and complete all other details.

There are two main methods of entering sales. You can link the sale to a customer account or to your bank account. Using customer accounts requires you to enter two transactions, one for the sale and one for the customer's payment to your bank account. You may need to use customer accounts if either:

• You need to send your customer an invoice.
• Your customer will pay you at a later date.

To enter a new sale using a customer account, refer to How to...(Customers).

To enter a single transaction for the sale:

1. In the Accounts screen, click the account you are receiving money into (normally a bank account or petty cash account).

2. Click     above the list of transactions for that account.

3. Set Transaction Type to In (Rec'd), set Account 2 to the appropriate income account and complete all other details.

p>There are two main methods of entering purchases. You can link the purchase to a supplier account or to your bank account. Using supplier accounts requires you to enter two transactions, one for the purchase invoice and one for the payment to your supplier. You may need to use supplier accounts if you receive an invoice from your supplier that you pay at a later date.

 

To enter a new purchase using a supplier account, refer to How to...(Suppliers).

To enter a single transaction for the purchase:

1. In the Accounts screen, click the account you are paying money from (normally your credit card, bank account or petty cash account).

2. Click     above the list of transactions for that account.

3. Set Transaction Type to Out (Paid) (bank accounts) or Purchase (credit card accounts), set Account 2 to the appropriate expense or asset account and complete all other details.

Note: If you spend your own personal money on behalf of the business, a Petty Cash account named Personal Expenses can be used to keep track of money owed to you by your business.

1. In the Accounts screen, click the account.

2. Double-click the existing transaction. 
   
   If you are having trouble finding the transaction, use the search function as described later.

3. If necessary, edit the details.

1. In the Accounts screen, click the account if you know it. If you don't know the account, click All Transactions.

2. Type the transaction description, amount or account. If you want to refine the search further, click     to specify the type of search. 
   
   Note: When searching by amount, you can type an exact amount such as 12.34 or a range such as 10.00-12.50.

1. Create a new transaction or open an existing transaction, as described above.
2. Click     to the right of NEW SPLIT and complete the details. An Add Split option is also available from the     menu .

A quick method to create a transaction is to duplicate similar existing transaction, as follows:

1. Open an existing transaction, as described above.
2. Select Duplicate from the     menu . All details of the original are duplicated except the date.

Alternatively, right-click an existing transaction and select Duplicate.

You can set up a transaction to repeat automatically at a specified interval as follows:

1. Create a new transaction or open an existing transaction, as described above.
2. Select Make Recurring from the     menu .
3. In the Repeat field, specify the interval between each transaction (such as every month).

Each transaction generated in the future will be a clone of the first (except the date).

You can prevent the transaction from recurring by setting Repeat to None.

Note: You can view a list of all recurring transactions by clicking Recurring Transactions near the top of the Accounts screen.

Each income and expense account can be given a monthly budget amount. This enables you to see how well you have kept to budget as time goes on using the Monthly Breakdown report. For more information, please refer to "Setting a Budget".

Please refer to "How to...(Profit and Loss)" for details on how to consolidate and pay your corporation tax.